daored Posted August 18 Report Share Posted August 18 Has anybody recently received a car insurance quote? Received a new quote and premium increased from £370.53 to £611.93. No change in vehicle, no claims , no convictions in 12 months. When asked how they can justify the increase in cost , explained they’re unable to detail their underwriting criteria ! Quote Link to comment Share on other sites More sharing options...
elhombrecito Posted August 18 Report Share Posted August 18 Yeah mine pretty much doubled too. Able to get cheaper on the comparison sites but still much more expensive than I was paying before. 2 Quote Link to comment Share on other sites More sharing options...
OneTeamInBristol Posted August 18 Report Share Posted August 18 Yes car insurance has gone through the roof recently with seemingly no reason for it. As you say no changes in details or circumstances and I've seen 60/70% increases on premiums. Quote Link to comment Share on other sites More sharing options...
Northern Red Posted August 18 Report Share Posted August 18 Mine reduced by about 20% at the start of the year. Fully expecting them to claw that back and then some next time around. Quote Link to comment Share on other sites More sharing options...
Baba Yaga Posted August 18 Report Share Posted August 18 I sorted mine out recently, believe I only paid £70 more than last year. I always call them up and say I can get a better deal from whoever from price comparison and they knock the price down a bit (although only by like £20 this time), I also learnt a few years ago that the cheapest time to renew is 3 weeks before so have done that since, wonder if all that comes up when they decide what to quote because I paid like 20% more which whilst not great sounds like it could be worse. Quote Link to comment Share on other sites More sharing options...
CodeRed Posted August 18 Report Share Posted August 18 Yes, best to get a quote off the comparison sites 3-4 weeks before your current policy expires, it does go up the nearer the expiry date. One of the cars in our family went from £380 to £600 - no changes, accidents, claims or points - we did find it somewhere else for less but still paid £100 more. Costs have gone up I'm sure but not to justify the amount increased. I'm sure the Ins. Co's are taking advantage of the economic situation. 1 Quote Link to comment Share on other sites More sharing options...
Super Posted August 18 Report Share Posted August 18 mine went up just over a hundred quid. Quote Link to comment Share on other sites More sharing options...
Admin phantom Posted August 18 Admin Report Share Posted August 18 1 hour ago, daored said: Has anybody recently received a car insurance quote? Received a new quote and premium increased from £370.53 to £611.93. No change in vehicle, no claims , no convictions in 12 months. When asked how they can justify the increase in cost , explained they’re unable to detail their underwriting criteria ! Get onto the Meerkats Quote Link to comment Share on other sites More sharing options...
And Its Smith Posted August 18 Report Share Posted August 18 3 hours ago, OneTeamInBristol said: Yes car insurance has gone through the roof recently with seemingly no reason for it. As you say no changes in details or circumstances and I've seen 60/70% increases on premiums. https://news.sky.com/story/amp/why-has-the-price-of-car-insurance-gone-up-so-much-12910284 Quote Link to comment Share on other sites More sharing options...
italian dave Posted August 18 Report Share Posted August 18 I know many posters hate to go there....but on the politics forum this was mentioned in the 'cost of living' thread just a week or two ago, and someone posted a shot of something they'd had from LV explaining why costs are increasing. I noticed in the news yesterday that Admiral have lost a huge % of customers this past year as a result of price hikes. They presumably go somewhere else though. Quote Link to comment Share on other sites More sharing options...
Slippin cider Posted August 18 Report Share Posted August 18 3 hours ago, Super said: mine went up just over a hundred quid. Last year I paid £255 and this year after calling them I managed to get them down to £317 ….original quote was £500 + Quote Link to comment Share on other sites More sharing options...
Fordy62 Posted August 18 Report Share Posted August 18 Saw someone on Tesla forum whose quote had gone from £500 to £4,000. Ours doubled to £700. Stupid Teslas. Quote Link to comment Share on other sites More sharing options...
TDarwall Posted August 18 Report Share Posted August 18 Inflation is hitting the cost of repairs very hard I'd imagine. Firms can no longer offer better new business prices then they can at renewal, but its still worth shopping around. There is a phenomenon called "brand stacking" - LV for instance have more than 1 brand on the price comparison websites & as they are set up as separate entities some have better prices than others. Quote Link to comment Share on other sites More sharing options...
Dollymarie Posted August 18 Report Share Posted August 18 Am literally dreading my insurance renewal in a few months. Had 11 years of no claims, and then a minor bump in February, followed by me aquaplaining on the M5 and unfortunately writing my car off in March means I’m fearing mine is going to go through the roof Quote Link to comment Share on other sites More sharing options...
daored Posted August 18 Author Report Share Posted August 18 (edited) 9 hours ago, phantom said: Get onto the Meerkats What are ‘the Meerkats’? Edited August 18 by daored Quote Link to comment Share on other sites More sharing options...
Lordofthebling Posted August 18 Report Share Posted August 18 (edited) Compare the market or 'meerkat'. You might even get some cinema tickets out of them. You've got a few comparison sites to choose from. I use gocompare as my insurance tried to double mine on an auto renewal but found a better deal on there. Nothing in this game for loyalty. Edited August 18 by Lordofthebling Quote Link to comment Share on other sites More sharing options...
redsquirrel Posted August 18 Report Share Posted August 18 27 minutes ago, Lordofthebling said: Compare the market or 'meerkat'. You might even get some cinema tickets out of them. You've got a few comparison sites to choose from. I use gocompare as my insurance tried to double mine on an auto renewal but found a better deal on there. Nothing in this game for loyalty. exactly this, mine last year was £200 through mark richard brokers, this year they wanted £280. no difference in circumstances etc. went on go compare,budget car insurance offered same cover,free breakdown cover and £250 cash back if £300 excess called upon for £167 Quote Link to comment Share on other sites More sharing options...
Admin Maesknoll Red Posted August 18 Admin Report Share Posted August 18 Just swapping my T5 for a T6 - thanks Marv….. New van has quite a few mods and comes in at £490, which is more than I pay for my T5, a MX-5 and a Transit Connect at the moment. Quote Link to comment Share on other sites More sharing options...
Reigate Red Posted August 21 Report Share Posted August 21 Recently had to renew my car insurance and the initial auto renewal was 25% higher than last year - I thought that was high but soon realised that increases are across the board this year. Unfortunately though I had to inform them a a minor transgression (3points for speed camera) and they whopped it up by 70%. Despite saying that I would look elsewhere they were not interested in discussing a reduction. So I went elsewhere and got it back down to the 25% increase. House insurance comes in next month and not sure what to expect from that now. Quote Link to comment Share on other sites More sharing options...
iamalagerdrinker Posted August 21 Report Share Posted August 21 I made the mistake just before COVID of stopping my car insurance as I didn't need a car anymore. Work gave me a van and was able to WFH and didn't realise I would lose my no claims 32 no convictions looking at about £600 to tax a 1.0 litre car! Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted August 21 Report Share Posted August 21 There`s also an epidemic of staged accidents at the moment - they did a feature on PW last week about it. The Frome area is particularly bad apparently for some reason. I`m sure most of them get found out, particularly with dashcams, but if a few get through it pushes up the cost for everyone. Quote Link to comment Share on other sites More sharing options...
Ronnie Sinclair Posted August 21 Report Share Posted August 21 Parents have just had theirs go up by about 300 quid too - Churchill wouldn't insure me at all on a BS14 post code back in March, another necessary expense that we are being fleeced for Quote Link to comment Share on other sites More sharing options...
ChippenhamRed Posted August 22 Report Share Posted August 22 My renewal was £823 compared with £369 last year. That’s 223%! I refuse to believe that inflation for car repairs gets anywhere near justifying that. Using a price comparison site I’ve managed to find it for a bit less than £600. Still an enormous hike and, again, nowhere near justified by inflation. We are being taken for a ride on so many fronts in this country, I’m absolutely sick of it. 1 Quote Link to comment Share on other sites More sharing options...
mozo Posted August 22 Report Share Posted August 22 Shop around at every renewal Quote Link to comment Share on other sites More sharing options...
ralphindevon Posted August 22 Report Share Posted August 22 Crikey, reading this is a bit shocking. I’ve managed to keep mine at just over £200 for years for a 2.2l Mazda and my wife’s at around £170 1.3l Mazda, as she doesn’t do many miles. I’m dreading my renewal now after looking at everyone’s prices. It’s one of those rare times I’m glad I’m not young any more. Quote Link to comment Share on other sites More sharing options...
And Its Smith Posted August 22 Report Share Posted August 22 On 21/08/2023 at 13:39, iamalagerdrinker said: I made the mistake just before COVID of stopping my car insurance as I didn't need a car anymore. Work gave me a van and was able to WFH and didn't realise I would lose my no claims 32 no convictions looking at about £600 to tax a 1.0 litre car! If you were driving your van for work and didn’t crash, and get a letter from your work to confirm that, some insurance companies will take that as proof of no claims 1 1 Quote Link to comment Share on other sites More sharing options...
mozo Posted August 27 Report Share Posted August 27 I actually got a small discount this year so I feel slightly bad now. Then a week later my car needs repair up to £1k... Quote Link to comment Share on other sites More sharing options...
Erithacus Posted September 6 Report Share Posted September 6 Just done my renewal. I had a letter from my current insurers stating that they were unable to provide a renewal due to their 'feature not being ready', despite me having spent my money a year ago. Did the trawling through the comparison sites and got a best quote - from the same company! Smoke and mirrors or what? I hope I don't have to make a claim as they don't fill me with confidence. Quote Link to comment Share on other sites More sharing options...
Pickle Rick Posted September 6 Report Share Posted September 6 Many reasons for the car insurance price hikes, some being… Cost of parts, even ‘green parts’ Longer wait for parts (back order). This would affect accident related non-drivable vehicles, especially where customers have courtesy cars longer Used car market inflation - this being a ‘thing’ due to shortages of parts among other issues for production of new vehicles Accident claims & volume. This seems to have risen since Covid apparently The amount of bodyshops and skilled personnel don’t meet the levels required to cope with demand …. So even with all the safety associated technology on vehicles (ADAS), there doesn’t seem to be much of an improvement on the roads meaning a reduction in accidents/claims. And to think, the government are trying to push for a MOT every two years and first MOT at four years If anything, the MOT should be something taken more seriously and priced at a standardised fee around £80-90! 2 Quote Link to comment Share on other sites More sharing options...
Wedontplayinblue Posted September 6 Report Share Posted September 6 On 21/08/2023 at 13:39, iamalagerdrinker said: I made the mistake just before COVID of stopping my car insurance as I didn't need a car anymore. Work gave me a van and was able to WFH and didn't realise I would lose my no claims 32 no convictions looking at about £600 to tax a 1.0 litre car! You don’t lose your no claims, you will have it from your private car and then from your work van. nearly all insurers count company car and vans no claims now, you just need a letter from your employer saying you haven’t crashed etc 1 Quote Link to comment Share on other sites More sharing options...
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